Single mother with 2 young kids establishing her estate plan
Jan 07, 2022OUTCOME: The Law Office of Nancy Hui assisted her in designing a plan that met her needs.
Mary is a single newly divorced mother with two young kids. She wanted to make sure that her children will be taken care of, both financially and physically, in the event she passes away while they a ... re still young. She engaged the Law Office of Nancy Hui to set up a will with a testamentary trust to hold her assets for the benefit of her children until they reach age 25 y. This will avoid the need of a guardianship. She also executed medical power of attorney, HIPAA authorization, directives to physician and a financial power of attorney. More importantly, she executed a declaration of guardian for her children so that someone she trusts could be considered as the children's guardian should she died while the children are still young.
